/TEL AVIV, July 20, 2022, 15:00 BST, Nofar Econergy/ Nofar Energy, listed on the Tel Aviv Stock Exchange, revealed on 22nd July 2022 it intends to install a 255 MW solar power plant on a 290-hectare lot in southern Romania, valuing its endeavour at EUR 135 million. According to data from the International Renewable Energy Agency, the country had 1.4 GW installed in photovoltaic capacity and 3 GW in wind power at the end of last year.
The Israeli company said it aims to start construction next year pending approvals. It would be the largest solar power plant by far now in Romania. Nofar aims to take advantage of the project’s advanced level of development and the proximity to a high voltage transmission line. Nofar Energy said it has 579 MW in total in the pipeline in Romania, including the 155 MW Rătești project, which should come online by the end of the year.
About Nofar Energy
Nofar Energy (O.Y. Nofar Energy LTD.) is a publicly-traded company at the T.A Stock Exchange (TASE), with a global renewable energy power producing activity across Europe, Israel and the US. Founded in 2011, the company has evolved at incredible speed thanks to its multidisciplinary capabilities and innovative approach.
Nofar Energy has strong internal capabilities, which translates into a competitive advantage, as it conducts the development, design, permitting, planning, financing, constructing, operating and maintenance, and long-term holding of its projects. Integrating these capabilities enables Nofar to promote projects throughout the entire value chain while maintaining strict standards.
The company operates in the Renewable Energy industry, and its activities include ground-mounted solar projects, floating solar projects, rooftop solar projects, and electricity storage projects. Nofar Energy has developed an impressive portfolio of projects in Israel and Europe, containing thousands of megawatts of power-producing projects.
The more information and answers to your questions about the Romanian and European solar energy market and related content (incl. list of solar energy developers and investors, data, and forecasts) you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2022 ÷ 2031
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